2012-07-04
The IMF expects GDP in Iraq to 150 billion dollars
Baghdad, The Iraqi Government confirmed that the IMF expected GDP in 2014 to 150 billion dollars. Deputy Prime Minister Nuri Shaways rose in a speech at the Forum of Kranz Montana held in the capital Baku that "Iraqi economy has seen significant transformations by openness and freedom and the adoption of the forces of supply and demand as key mechanisms in economic relations as they facilitate the process of integration into the international economic system.
In a statement issued by the Office of the Deputy Prime Minister received/JD/that "Iraq has on the economic front, among other positive developments over the past years in a number of indicators, GDP doubled and doubled with per capita GDP". Shaways said "according to International Monetary Fund forecasts GDP will reach 150 billion dollars in 2014". "Iraq has oil reserves of around 143 billion barrels and probable reserves exceed estimates proven reserves as well as large reserves of natural gas is around 126, 7 trillion cubic feet.
"We expect that investment in this sector evolution in the oil industry in Iraq through rounds of licensing contracts with dozens of major international oil companies." And he said "electricity sector needs substantial investments to double capacity for domestic demand by establishing new plants across Iraq, there is a need for significant investments in this sector to meet the increasing demand, which is expected to double by 2015 to reach 20,000 megawatts."
Shaways said that "the Iraqi market is the fastest growing region in the field of mobile communication, although much of the infrastructure in this sector still need significant investment opportunities are also available for investment in projects of telecommunications and Internet services and Tel.
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